Spain Cracks Down on €20 Million Crypto Laundering Network Linked to Organized Crime

Spanish authorities have dismantled a sophisticated money laundering network that allegedly moved over €20 million using cryptocurrency on behalf of organized crime groups. Described as one of the most advanced underground financial systems in Europe, the operation highlights the growing role of crypto in transnational illicit finance.

The investigation, coordinated by Spains National Police with the support of Europol and Eurojust, uncovered a dual-structured network with operations across six provinces and connections extending into Belgium. Seventeen individuals have been arrested, with fifteen currently in pre-trial detention. Charges include money laundering and membership in a criminal organization.

According to law enforcement officials, the network operated through two tightly coordinated cells. One, composed primarily of Arab nationals, managed incoming international transfers. The other, largely made up of Chinese nationals based in Almería and Madrid, collected large volumes of cash within Spain. These funds were then converted into cryptocurrency and transferred across borders, effectively bypassing traditional banking channels.

To conceal its activities, the group posed as a legitimate remittance service, promoting itself on social media and through closed networks. Cash was transported in vehicles with hidden compartments, a method commonly associated with drug trafficking. Authorities said this tactic allowed the network to move large sums discreetly while avoiding detection.

The assets seized during the operation reflect the scale and profitability of the scheme: over €205,000 in cash, €183,000 in digital assets, 18 luxury vehicles, 10 properties valued at more than €2.5 million, designer handbags worth €230,000, and premium cigars valued at €620,000. Officials believe most of these assets were acquired using proceeds from illegal activities.

This case underscores the increasing use of cryptocurrency as a laundering tool for real-world crimes. While crypto was once mostly associated with online fraud and darknet markets, it is now being actively adopted by traditional organized crime groups seeking anonymity and global reach.

Authorities emphasized that the investigation remains open. Forensic teams are currently analyzing seized digital devices and blockchain records in an effort to identify additional collaborators and clients who used the illicit service.